See How It Works!
US138 - Increase Fossil Fuel Production
| Develop our cornucopia of carbon-based energy resources | |
|
|
|
   
|
|
Description
The United States is blessed with a cornucopia of carbon-based energy resources. Developing them has been a pathway to prosperity for the nation in the past and offers similar promise for the future.
Source: mittromney.com
- Conduct comprehensive survey of America’s energy reserves
- Open America’s energy reserves for development
- Expand opportunities for U.S. resource developers to forge partnerships with neighboring countries
- Support construction of pipelines to bring Canadian oil to the United States
- Prevent overregulation of shale gas development and extraction
Source: mittromney.com
Arguments
Montana has an abundance of oil, coal and natural gas. We need to look into expanding our markets domestically and start using more of what we have. If we truly want to stop our dependence on foreign oil we need to nurture our local assets. America relies on 56 percent of its oil supply from foreign countries. By expanding our traditional resources domestically we can end our addiction to foreign oil, keeping our money out of hands of countries that stand against the American way of life.
Source: dennyrehberg.com
A Wood Mackenzie study analyzing the energy supply and government revenue implications of enacting policies in the U.S. that encourage development of North American resources found the following:
Total potential jobs impact: Approximately 1 million jobs by 2018 and more than 1.4 million jobs by 2030.
Total cumulative potential government revenue: Additional $36 billion by 2015 and nearly $803 billion by 2030.
Total Potential Production impact: By 2015, an additional 1.27 million barrels of oil equivalent per day (BOE/D) could be produced, rising to 10.4 million BOE/D by 2030. Over the period 2012 to 2030, it is estimated an additional cumulative 35.4 billion BOE/D of reserves could be produced through development policies. As a reference, we currently import 4,885,000 barrels per day of crude oil from OPEC countries.
Source: lindasplan.com
America is blessed with the most plentiful energy resources in the world and it is time we stop treating them as a curse. By removing the self-imposed barriers from producing energy – from Alaska to the Gulf to Virginia, including Virginia coal, coal bed methane, and offshore oil and natural gas – we have the potential to create over 1.2 million jobs and generate $2.1 trillion in new revenue without raising taxes. If we are serious about saving families money, jobs, national security and reducing our dependency on foreign oil, we need to unleash our American energy resources and creativity.
Source: georgeallen.com
The United States uses approximately 20 million barrels of oil per day. We domestically produce approximately 5 million barrels per day. Our domestic production has been steadily decreasing since the 1970’s when we produced 9.5 million barrels per day. Renewed domestic production is not simply a matter of oil prices but a matter of domestic job production. Increased exploration, discovery and production of our own domestic natural resources is a proven job creator. Locally, western Maryland has proven natural gas reserves and the development of these resources would create well paying jobs and needed income for the citizens of Maryland. We must prioritize domestic production of our own natural resources by expanding permitting while maintaining sound and reasonable environmental standards.
Source: bongino.com
Source: bongino.com
Counterarguments
The only problem is that we the people would not benefit from more production, prices would not be reduced significantly, because as we have already seen we have an obstacle overlooked by most, if not all of the surveys - THE GREED FACTOR! Major oil companies and their C E O 's have no heart or soul! All they see is $$$$$$$$ signs.
0 Topics
Discussion
No comments have been submitted for this idea
Related Ideas
| Construct pipelines to bring Canadian oil to the United States More detail | |
|
|
|
|
|
|
| Conduct comprehensive survey of America’s energy reserves More detail | |
|
|
|
|
|
|
| We need to increase drilling and production More detail | |
|
|
|
|
|
|
| Rational and streamlined approach to regulation to facilitate the development of oil, natural gas, and nuclear resources More detail | |
|
|
|
|
|
|
| Open America’s energy reserves for development More detail | |
|
|
|
|
|
|
| We must make energy independence our national mission with an all-of-the-above, free-market strategy More detail | |
|
|
|
|
|
|
| Do not overregulate shale gas development and extraction More detail | |
|
|
|
|
|
|
| Invest in basic research and advanced technology without steering toward particular politically favored approaches More detail | |
|
|
|
|
|
|
| Republicans should look at how congressional Republicans have stopped Obama from improving green gases, solar, biofuels More detail | |
|
|
|
|
|
|
| Expand opportunities for U.S. resource developers to forge partnerships with neighboring countries More detail | |
|
|
|
|
|
|
